Greenbriar Equity Group LLC is selling Transplace Holdings, Inc. to TPG Capital, the companies said in a joint statement Monday. The transaction is expected to close in late-September, but financial terms of the deal will not be disclosed. Transplace is a non-asset based transportation management services and logistics technology solutions provider. The company is based out of Frisco, Texas and has operations centers throughout North America.

TPG Capital is the private equity platform of global alternative asset firm TPG. TPG, which is headquartered in Fort Worth and San Francisco, claims to have more than $73 billion of assets under management. Its investment platforms are across a variety of asset classes, including private equity, growth venture, real estate, credit and public equity. Greenbriar is a Rye, N.Y.-based private equity firm with over $2.5 billion of committed capital, focusing exclusively on the global transportation industry.